177.580 State debt contracted -- Legislative intent for KRS 177.580 to 177.630 -- Approval of people. Subject to the provisions of Sections 49 and 50 of the Constitution of Kentucky, there is hereby contracted on behalf of the Commonwealth a debt in the amount of one hundred million dollars ($100,000,000). It is hereby declared to be the intent of the General Assembly in enacting KRS 177.580 to 177.630 and contracting the aforesaid debt on behalf of the Commonwealth to provide a method whereby the Commonwealth of Kentucky can issue bonds directly obligating the Commonwealth in an amount of one hundred million dollars ($100,000,000) for the purpose of providing funds to match federal funds allocated to Kentucky for the construction and reconstruction of highways, tunnels and bridges within the Commonwealth of Kentucky, subject to the approval of the people of the Commonwealth of Kentucky as provided in section 50 of the Constitution of Kentucky; such approval or disapproval to be expressed at the general election to be held on November 6, 1956. Effective: June 26, 1956 History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 1, effective June 26, 1956.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
